Lawsuits: Countrywide Ex-CEO To Feel Wrath Of SEC

His extreme orangeness, former CEO and founder of Countrywide Home Loans Angelo Mozilo, is about to be slapped with civil fraud charges, according to the Wall Street Journal.

The WSJ says that the SEC has already informed Mr. Orangeface of their intention to file insider trading and disclosure violations.

Other Countrywide executives, including former president David Sambol are also about to have very bad days.

SEC Expected to Approve Civil Charges Against Mozilo [WSJ]

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  1. LegoMan322 says:

    Sweet…I wonder if I can get my interest back from Countrywide. He has to use that spray on tan shit. he really is orange.

  2. KyleOrton says:

    Spray tan? With what he made? The man either eats gold or Oompa Loompas.

  3. laserjobs says:

    Tangelo Mozilo go to jail will never happen. Probably get a $1 fine from the SEC and be back on the yellow brick road.

  4. Daniel Parmelee says:
  5. lecheentucereal says:
  6. Tom_Servo says:

    He reminds me of the big-foreheaded aliens from the MST3K Movie ‘This Island Earth’

  7. Dan Stirling says:

    And when they go after the Fannie Mae & Freddie Mac execs I’ll believe they really mean business.

    /not holding my breath

  8. econobiker says:

    I think he has too many politicians phone numbers saved on his cell phone to go to jail. Unless he slaughters and eats a family of four but even then he might get off on a stress related defense…

  9. H3ion says:

    On the other hand, after the Madoff fiasco, I don’t think the SEC is going to settle for wrist slaps and 15 minutes in the time out corner.

  10. runswithscissors says:

    Wait, I thought guys like him were above the law?

  11. savdavid says:

    That greedy criminal. Damn! He even looks like a Mafia guy.

  12. Shoelace says:

    He’s had plenty of time to set up offshore accounts and buy a private island. If the heat gets too hot, bet he’ll ‘mysteriously disappear’.

  13. Elvisisdead says:

    Even if they do indict him, they’ll never get all the $.

  14. boxjockey68 says:

    Good lord keep that man out of the tanning salon

  15. carlos_the_dwarf says:

    Who’s going to give Chris Dodd his sweetheart mortgages now?